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Kepphil Shipyard, Inc.

PSE Circular for Brokers No. 949-98 • Philippine Stock Exchange • Circulars for Brokers • May 6, 1998

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May 6, 1998 PSE CIRCULAR FOR BROKERS NO. 949-98 SUBJECT : Kepphil Shipyard, Inc . Further to Circular No. 702-98 dated April 16, 1998, Kepphil Shipyard, Inc. ("KSI") furnished the Exchange on May 4, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 23, 199 8, at 10:00 a.m., at the Garden Hall C, Dusit Hotel Nikko, Ayala Center, Makati City. As previously announced, stockholders of record as of April 22, 1998 , are entitled to notice of, and to vote at, said meeting. cdt A copy of KSI's SEC Form 34-C is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group

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